Health Assessment Systems Inc.
- Proceeding
- NOIPart III of the Bankruptcy and Insolvency Act
- File
- 25-1834420
- Industry
- Health care · Clinics & medical practices
Health Assessment Systems Inc. filed a notice of intention to make a proposal under Part III of the Bankruptcy and Insolvency Act on February 4, 2014, with Grant Thornton Limited as trustee, under Court of King's Bench of Alberta file no. 25-1834420. The proceeding remains active. A Statement of Affairs sworn March 5, 2014 puts total assets at $1,521,678.24 against total liabilities of $5,384,864.35, a stated deficiency of $3,863,186.11, with no preferred or contingent claims. The largest claim is Octane Venture Partners' $4,650,291.67, secured since November 8, 2012 over cash, medical and telephone equipment and loan receivables valued at $21,678.24, leaving $4,628,613.43 unsecured on List B. Related party 135482 Canada Inc. claims $500,000.00 on security valued at nil. The proposal treats both as unaffected secured creditors whose claims are not compromised.
The officer filed report no. Trustee's First Report to the Creditors. Health Assessment has ceased direct operations, has no employees, and now functions solely as a holding company dependent on its indirectly-owned Operating Companies, which continue to operate and serve patients while the Proposal is pending. Court file 25-1834420.
Debtor
Health Assessment Systems Inc.
Proposal trustee
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Octane Venture PartnersCash on hand/TD Bank, business assets (machinery - medical & telephone equipment), debts due (Glenora Health Loan, Rosedale Loan, security deposits, Shaughnessy Loan); security given 08-Nov-2012 — Estimated value of security $21,678.24; balance of claim unsecured $4,628,613.43 per Form 78 List B; identified as an 'Unaffected Secured Creditor' under the Proposal (not affected/compromised) — debtor: Health Assessment Systems Inc. · as of 5 Mar 2014 | $4.65M | Creditors package - March 12, 2014 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
18 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: paid in full.Under the plan · sanctionedCreditors package - March 12, 2014 · 12 Mar 2014
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the plansanctionedper the debtor | Creditors package - March 12, 2014 · 12 Mar 2014 |
| Unsecured | — | — | paid in full | Under the plansanctionedper the debtor | Creditors package - March 12, 2014 · 12 Mar 2014 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
Cash on hand
$19.7K
As at 7 Feb 2014Report of Trustee on Proposal - April 7, 2014
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order approving Proposal - April 24, 2014
| PDF · Subscribers | |
Report of Trustee on Proposal - April 7, 2014
| PDF · Subscribers | |
Creditors package - March 12, 2014
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
| Notice of Intention and Consent | PDF · Subscribers | |
Trustee's Report to Creditors on the Proposal
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Health Assessment Systems Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/health-assessment-systems-inc